iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

NOTHING to Be Thankful For

I have no one to blame but myself, for being so naive as to believe Europe would fix their problems. I’ve always contended this was a problem that couldn’t be fixed. It’s too big and there is no political will. Now you have psychopath lunatics, like Cramer, sounding alarms, exclaiming total losses in EZ will total $10 fucking trillion.

Pardon the melancholy tone. Regrettably, I wasn’t all in VRUS calls like many of you. However, instead, I am long all of the shit that is going lower. I am long this shit with great certitude that it will kill me. I could very easily assuage my pain by liquidating down here and join the circus to become a fucking “cannon clown.” Or, I can extend my torture by waiting for the ultimate bag of shit to drop on my head. Right now only small bags of shit are dropping on me.

Shares of GS, MS and JEF are the only tells for this market. The CNBC folks are relishing in this “debt bomb” situation we find ourselves in. They chuckle and laugh at the plights of investors while declaring “net short positions.” They are rather comfortable in their smugness, clamoring for the EU to fall apart–drinking from the mugs of angst.

Our President is one giant dick-sucker, more concerned with taking trips to pineapple country than dealing with the fucktards inside of the super committee. In summary, I hate all of you, as well as inanimate objects, such as silver coins, computers and televisions.

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61 comments

  1. tomhendrix777

    lol

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  2. SUBCOMANDANTE CHINCHILLLLLA!!!
    SUBCOMANDANTE CHINCHILLLLLA!!!

    Mugs of angst – filled with black smoke???

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  3. moolahheaven

    Maybe, but we love you ‘Fly’ 🙂

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  4. Jean-Paul

    “Europe would fix their problems”

    Well don’t talk to much about “their” problems ’cause I think US and CAN are next in line. As far as I know, we are still digging our dept deeper and deeper. I don’t see how we can be out of this without pain…

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    • The Fly

      Canada is 84% to GDP. The US prints their own money. You need to understand the difference between France and the UK to understand the US is fine.

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      • jimmy_two_times

        right on.

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      • asteroids

        I live in the Great White North. The whole planet is going up in flames and people are still flipping condo’s for sport. Our largest University announced a $2B drive for funds. Fucking unreal.

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  5. MetalLeg

    If you and your family are healthy and safe, your trading problems are small. Unless of course if the bags of shit are radioactive.

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  6. jp

    Hezbollah Calling
    If you lose an asset, one source, that’s normally a setback in espionage,” said Robert Baer, who was considered an expert on Hezbollah.

    “But when you lose your entire station, either in Tehran or Beirut, that’s a catastrophe, that just shouldn’t be. And the only way that ever happens is when you’re mishandling sources.”

    looks like it’s happening in tandam sir . jp

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  7. slim

    Right there with you Fly. I positioned late Friday for the Turkey gods. No such luck so far…

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  8. genghis khan

    Fly- still sticking with refiners and silver? Also, in your opinion, which way are we going: inflation or deflation? Lastly, what’s your YTD gain right now – still aiming for 25% year-end?

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  9. Raise taxes, Cut spending
    Raise taxes, Cut spending

    Between all the dumb-asses on TV and all the dumb-asses in the internet, there is way too much irrelevent static that clouds every issue. The leaders need to shut the door, ignore all the bullshit, and start to deal with this mess honestly and realistically.

    In Europe they need to start unwinding the euro. It isn’t working.

    In the US, they need to get people employed.

    I don’t blame you for expecting people to get their heads out of their butts and fix this crap. The alternative is unthinkable.

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  10. mhass33

    Where the hell do you find these pictures? Freakin hilarious

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  11. Sam

    But will the Turkey Gods save us?

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    • The Plumbers Crack
      The Plumbers Crack

      Santa shot and killed the turkey god, then Devil Dog shot and killed Santa.
      Watch out for a pinapple falling on the clam.

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  12. Yabollox

    If Europe is going to go to war in a place like Libya, they shoudl keep the oil. Just like us in Iraq. Keep the fucking oil that cost you a $ Trillion. Why are we so afraid to be imperialists? It was a very successful strategy back in the day.

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  13. The Equalizer

    Indeud. Thank you for helping to keep me sane today, Fly.

    D-tards to the left, R-tards to the right, here I am, stuck in the shitstorm…

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  14. drummerboy

    with everyone running to KINGSHIT dollar today,not even pm’s are working today wtf

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  15. Vegas Trader II

    I warned all of you..

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  16. Trading_Nymph

    Before I went to bed last night, Jim Cramer was looking for local banks to be Nationalized..When will everyone just stop trying to “fix” things and let my market shake out. Anyway, we are still up from the nightmare of Oct, we are at Oct 10 levels…such a silly rally. Wake me when we are back to Oct 1 levels. FWIW, looking thru all the Black Friday ads I have no idea why anyone is camping out…not the best ads at all, Free Ornament at JCPenney and 9.99 Doughnut Makers is about the best unless you want a TV…ads suck so far.

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    • drummerboy

      tn,this years retail sales will be crap,this i know.there is absolutely nothing to be camped out for. there isnt even a hot toy item this year.

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  17. gimby

    Gumby says Bounce ! @ 1126 area , double up and get out ..
    50% chance were going to 950 area in 3 months…u want better odds than that!

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  18. Blind Read Ant

    Well… . I’m not here to brag, I feel bad for all y’all currently coping.

    Bleeding’s never fun.

    I usually go for a drive or visit some familiar place I haven’t visited in eons.

    It’s a way of getting away, context and a battery charge.

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  19. Bullish

    Fly, are you cancelling Thanksgiving Day dinner?

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  20. JB

    This isn’t rocket science guys!!! Turn on CNBC and fade ..

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  21. catboots

    How can democracy work? Members of congress who sign a pledge to not raise taxes should be ashamed of themselves and do not represent America. They are agreeing to be held hostage by a lobbyist for their jobs, no matter what is best for America. We should revolt at this en masse. Congress has been hijacked by a lobby terrorist and they are going along with it. The principle is they need to vote their conscious and not be puppets to anyone. Very scarey. We are all getting robbed.

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    • Yogi & Boo Boo

      Nothing whatsoever will come of the Congressional Comedy. It will merely be an apostrophe in the history books. Eventually we will print our way out. In the mean time, where will ding dongs put their money? In Euro bonds where they don’t know what country’s laws the covenants are in? Or maybe Chiner, Oh wait.. How about Democratic Republic of the Congo?

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    • Mark

      I don’t see anything wrong with pledging to not raise taxes, especially for those who did it years or even decades ago. The long term solution here isn’t to raise taxes further but to reduce spending and government waste. My issue is with the intransigence on both sides in the face of the current crisis.

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      • drummerboy

        bloomberg just shot a trailor ticker: if the super idiots dont come to an agreement,bush tax cuts are null and void……that was the whole plan,and no wonder were driving off a cliff. and there again i;m sure kerry and his wife took in a bundle in the last 8 sessions. THIS IS OUT AND OUT BULLSHIT……go to cash,when this gets released to the unwashed,today will seem like a walk in the park

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  22. Indie

    MORE CAPITAL LETTERS TITLE!!!

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  23. noodle

    YO FLY

    i hate to bet on congress, but i bet we are reversing to the upside here. by thursday we will be higher then last weeks prices.

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  24. Mark

    Shouldn’t gold and silver be rallying?

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  25. razorsedge

    bot 1/3 pos more in gld 5 min ago…
    still in cash …

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  26. DJ KHALED

    OIBC

    We Takin Over.

    Said we takin’ over, one Blog at a time

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  27. Dirk Diggler

    Market diversion, Shell Grotto! http://virtualvictorian.blogspot.com/2010/05/amazing-margate-shell-grotto.html

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  28. partridge

    …Our President is one giant dick-sucker…
    AMEN to that

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  29. Jeff

    All to justify QE3

    Obama doesn’t run shit.

    He will be reelected and killed in office per the Druidic plan of the 19 year moon cycle. He will not be killed and reborn as his Reagan and Clinton counterparts. The 44th President will not fair as well.

    Time to load up the truck on coinz…

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  30. Vegas Trader II

    Lol!!! The hits keep coming..More firms will come out of the woodwork!! Don’t be fooled..NEW YORK (CNNMoney) — More than $1.2 billion in customer funds might be missing from bankrupt brokerage MF Global, nearly twice previous estimates of the shortfall, the trustee administering the firm’s bankruptcy said Monday.

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  31. Vegas Trader II

    Down grades are on the horizon for France and the U.S. Go long and prepare to get fucked…case closed..

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  32. razorsedge

    sawthis comming a couple months ago..

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